Further Action?

Wilbourn & Co

Further Action?

Online reports sold through resellers play a very important part in transactions but typically there is not a one size fits all solution and many online reports provided to conveyancers are returned stating “Further Action”.

What does the conveyancer do next?

Commercial lenders and their advisors require compliance with the Valuation Standards 2017 and that all the issues are addressed. All aspects of how environmental issues affecting the property valuation must be articulated. This can only be achieved by doing a proper survey and this is called an Environmental Screening Report. Many of the reports stating “Further Action fall short in this regard.

Environmental Screening Reports are RICS benchmarked services that are used extensively by Capital Market Clients and it is this service offered by Wilbourn & Co that solves the conundrum of what to do with “Further Action”